Final Report for NCHRP Report 574: Guidance for Cost Estimation and Management for Highway Projects During Planning, Programming, and Preconstruction (2006) / Chapter Skim
Currently Skimming:
Pages 9-17
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 9... ...
1 CHAPTER 1 INTRODUCTION Project cost escalation is a major problem for Departments of Transportation (DOT)
|
From page 10... ...
2 cost estimates. This issue was cited as the number one factor that resulted in changes in statewide highway letting programs (Anderson and Blaschke 2004)
|
From page 11... ...
3 Devise a workable plan to accelerate implementation of the research results in the transportation industry. These five goals will be met through performing the ten tasks listed below: Task 1 - Conduct State-of-Practice Review The main goal of Task 1 is to confirm our understanding of the problem, including all factors influencing cost escalation, and to characterize the current state of DOT practice as related to estimation practices and management of estimates.
|
From page 12... ...
4 Task 7 - Present Strategies, Methods, and Tools to Industry The goal of Task 7 is to obtain input and feedback from professional practitioners on the preliminary strategies, methods, and tools from Task 6. A final set of strategies, methods, and tools will be identified for inclusion in the Guidebook.
|
From page 13... ...
5 Project Development Phases Strategies, Methods, and Tools Congruent with Project Phase and Project Complexity. Strategies, Methods, and Tools Figure 1.1.
|
From page 14... ...
6 Project Development Phases Project estimates are made at various times during project development. Different types of estimates will occur during different phases of a project.
|
From page 15... ...
7 Table 1.1. Project Development Stages and Activities (Saag 1999 and Anderson and Fisher 1997)
|
From page 16... ...
8 As depicted in Figure 1.3, the ability to influence cost is greatest at the beginning of the project development process and declines as the project nears construction and administration. A project management oversight function definitely has the ability to help manage the process, especially in the area of controlling cost escalation, but it is imperative to examine the problems and solutions for cost management at the planning, programming, and preliminary design stages.
|
From page 17... ...
9 Figure 1.4. Research Roadmap Highlighting Final Report Contents
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.